
EU - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
EU: Silk Yarn Market 2023
Silk Yarn Market Size in the EU
After seven years of decline, the EU silk yarn market increased by 15% to $X in 2021. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.
Silk Yarn Production in the EU
In value terms, silk yarn production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Silk Yarn Exports
Exports in the EU
In 2021, shipments abroad of silk yarn and yarn spun from silk waste was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt downturn. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, silk yarn exports rose sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Romania represented the key exporting country with an export of around X tons, which finished at 54% of total exports. Italy (X tons) ranks second in terms of the total exports with a 27% share, followed by Germany (6.5%) and Slovenia (6.1%). Austria (X tons) took a minor share of total exports.
Exports from Romania decreased at an average annual rate of -2.8% from 2012 to 2021. At the same time, Slovenia (+51.5%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +51.5% from 2012-2021. By contrast, Italy (-5.7%), Austria (-9.7%) and Germany (-15.6%) illustrated a downward trend over the same period. While the share of Romania (+13 p.p.) and Slovenia (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-11.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Romania ($X), Italy ($X) and Slovenia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.
Slovenia, with a CAGR of +67.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.
Export Prices by Country
In 2021, the export price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Austria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+10.6%), while the other leaders experienced more modest paces of growth.
Silk Yarn Imports
Imports in the EU
In 2021, supplies from abroad of silk yarn and yarn spun from silk waste was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, silk yarn imports surged to $X in 2021. In general, imports, however, saw a pronounced slump. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
Italy dominates imports structure, finishing at X tons, which was approx. 68% of total imports in 2021. It was distantly followed by Romania (X tons), Austria (X tons) and France (X tons), together committing a 19% share of total imports. The following importers - Slovenia (X tons) and Germany (X tons) - each amounted to a 7.8% share of total imports.
Imports into Italy decreased at an average annual rate of -5.3% from 2012 to 2021. At the same time, Slovenia (+95.0%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +95.0% from 2012-2021. Romania and Austria experienced a relatively flat trend pattern. By contrast, France (-8.3%) and Germany (-20.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Slovenia, Romania, Italy and Austria increased by +4.1, +3.2, +3.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Italy ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in the European Union, comprising 71% of total imports. The second position in the ranking was held by Romania ($X), with an 8.5% share of total imports. It was followed by France, with a 5.4% share.
From 2012 to 2021, the average annual growth rate of value in Italy stood at -4.2%. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+2.6% per year) and France (-9.8% per year).
Import Prices by Country
The import price in the European Union stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silk yarn market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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